Futures markets pointed to a higher start for U.S. stocks Wednesday, with investors showing confidence in efforts by Chinese authorities to contain the outbreak of a deadly flu-like virus which has spread to other countries.
What’s driving the market? Major stock indexes finished lower on Tuesday, pulling back from records seen last week, after a U.S. citizen who had recently returned from a trip to central China was diagnosed with the new virus that’s raised worries over a potential pandemic. However, analysts said recent updates from Chinese authorities had provided investors with some comfort the outbreak will be contained and a pandemic which could slow economic growth will be avoided.
Chinese officials said hospitals are stepping up preventive measures and moving to discourage movement into and out of Wuhan, the central Chinese city where the virus originated, The Wall Street Journal reported. Oil-field-services provider Baker Hughes Co. BKR, -3.73% reported profit and revenue that came in short of consensus estimates.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow futures pull back as stock market stages pause from record-setting riseU.S. stock-index futures headed lower on Tuesday, as investors returned from a holiday, but found few reasons to take equities higher following a brisk, record-setting run-up for the major benchmarks.
Source: MarketWatch - 🏆 3. / 97 Read more »
Global Stock Markets Fall Amid Growing Fears Over Deadly China VirusGlobal stocks were down today, with Asian markets posting the biggest drops, amid growing fears over deadly China virus by skleb1234
Source: Forbes - 🏆 394. / 53 Read more »
Netflix investors risk ruing streaming-stock bingeReed Hastings’ firm has little if any need for TV ratings, box-office sales or ads, unlike rivals. Shareholders focus on subscriber and revenue growth, fueling its stock-market success. But a slowdown in new users and an excessive, if declining, cash burn put that under threat. Reuters jennifersaba يعتمد على قوة النت Reuters jennifersaba فعلا الترجمة في بعض الحلقات يعني ركيكة وسريعة جدا وما نقدر حتى نوقف الفديو حتى نقراها من السرعة !! يعني ما ادري ايش المشكلة !! ولا جوالي عشانه قديم هوا المشكلة ؟1
Source: Breakingviews - 🏆 470. / 51 Read more »
Paul Tudor Jones says this 'crazy' stock market run reminds him a lot of 'early '99'“Let’s party like it’s 1999....!” Agreed.
Source: CNBC - 🏆 12. / 72 Read more »
5 things to know before the stock market opens TuesdayU.S. stock futures were pointing to a lower open, with global stocks from Asia to Europe under pressure. Trump wants negative rates? Lets do this! 1. It's gonna go down. 2. It likely is gonna go back up. 3. The only thing certain is volatility!
Source: CNBC - 🏆 12. / 72 Read more »
Tesla crosses $100 billion stock market valuation in extended tradingTesla Inc became the first $100 billion publicly listed U.S. carmaker in extende... Not worth it. Drug cartels move up from Mexico and wherever after they get the guns. That'll be a hoot. that's 100 billion potential repair jobs. A car is still a car, isn't it?
Source: Reuters - 🏆 2. / 97 Read more »